Further re Interim Dividend

Utilico Limited
06 March 2008



For immediate release on 6 March 2008


                  Utilico Limited ('Utilico' or the 'Company')

                          Further re Interim Dividend


Further to the announcement on 3 March 2008 relating to the proposed interim
dividend, Utilico has now reviewed a number of options for the payment of the
interim dividend proposed on 20 February 2008. As previously advised Utilico has
sufficient revenue reserves to pay a dividend, but Bermuda Law does not permit
payments if, together with the capital reserve, there is a net deficit.

The options considered all involved arrangements of significant cost and
complexity and, when taking into account the total amount of the interim
dividend, do not represent a cost effective solution. As a result, the Board has
concluded that it will not pay an interim dividend at this time but that it
remains committed to paying dividends from revenue reserves when the deficit on
the capital reserve has been eliminated. The shares will therefore no longer be
quoted ex dividend.



Enquiries:

Utilico Limited                      Arbuthnot Securities Limited
Charles Jillings                     Alastair Moreton
01372 271 486                        020 7012 2000




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